Oil prices volatile

Published Monday May 12th, 2008
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AP
Traders work the Crude Oil trading pit at the New York Mercantile Exchange on Friday. Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.

Traders work the Crude Oil trading pit at the New York Mercantile Exchange on Friday. Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.

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It is insane that these trigger-happy speculators control the fate of the world's economy.
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Anonymous Reader on 12/05/08, 3:57:12 PM ADT
Something big is in the making to weaken economies all over the world via oil pricing. The Bush administration has six months left in office. I'm sure he would love to prevent an election from taken place. He occupied Iraq when it considered coverting oil dollars from US to the Euro in 2000. Iran has converted it's oil dollar to the Euro and now Venezuela is in the process of converting to the Euro. The American Empire can't let this happen or else it crumbles. The following ideal has been circulating the internet recently where we have to beat these corporate pimps and stop buying gas from the two larges oil companies Esso and Shell. Irving and others will profit in the early stages, but eventually the larger companies will drop there oil prices and this will start a price war. It would take a chain reaction of people to do this. This isn't impossible. We the little folk need to gang up and stop these people from playing us like puppets.
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R. L, Route 134 Kent County on 14/05/08, 7:40:08 AM ADT
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